Aeronautical engineers are a factor of production for airplanes. What will happen in the world market for airplanes when there is a worldwide shortage of aeronautical engineers?
A) price will decrease, quantity exchanged will decrease
B) price will decrease, quantity exchanged will increase
C) price will increase, quantity exchanged will increase
D) there will be no change in price or quantity exchanged
E) price will increase, quantity exchanged will decrease
Correct Answer:
Verified
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